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42 West Allendale Ave
Allendale, NJ 07401

Program Features

Upgrade your Professional Liability Insurance!

The Firemark™ has introduced and incorporated the best Legal malpractice coverage and features under one policy. Here are some of the highlights:

 

Broad Professional Services Definition

Professional Services means legal and consulting services and activities performed by you for others provided that the remuneration for such services or advice, or a portion thereof, inures to your benefit:

  • performed as a lawyer, notary public, arbitrator, mediator, title insurance agent, designated issuing lawyer to a title insurance company, fiduciary, or speaker or author of legal treatises;
  • provided by a lawyer in connection with any bar association, its governing board, or any of its committees;
  • the publication or presentation of research papers or similar materials by you;
  • provided in connection with pro bono representation; or
  • provided by your employee in connection with assisting a lawyer to perform the activities described in the above for others on behalf of you.

 

Alternative Dispute Resolution (ADR)

The Firemark™ will waive 100% of the deductible (up to $25,000 each claim) if ADR is used to settle a claim

 

Additional Loss Mitigation Provisions

Reductions in your deductible for use of limitation of liability and mediation clauses in engagement letters, early resolution and consent to settlement of claims

 

Additional Loss Mitigation Provisions

  • $750 per insured per day for loss of earnings in relation to a covered claim up to $10,000 per claim / $50,000 per policy period.
  • $50,000 per policy period for defense expenses you incur in responding to a disciplinary proceeding.
  • Coverage for expenses incurred in responding to subpoenas for documents or testimony. Up to $100,000 in the aggregate per policy period.

Payments are in addition to the limits of liability and are not subject to the deductible.

 

Coverage Extensions

  • First Party Cyber Liability – $25,000
  • Discrimination Complaint Regulatory Coverage – $25,000
  • Supplementary Claims Expenses Coverage – $100,000
  • Not For Profit Directorships Coverage – $15,000 per claim / $30,000 per policy period
  • Reputation Protection Coverage – $10,000 per claim / $30,000 per policy period

Payments are in addition to the limits of liability and are not subject to the deductible.

 

Electronic Media Coverage

Defined as:

  • Misdirection of electronic mail or other electronic media, including but not limited to, an intranet, extranet or internet connection.
  • loss of client information transmitted via electronic media;
  • unintentional introduction of a computer virus or cybertoxin into, or enabling a denial of service attack on, a third party computer, computer system, or network;
  • unintentional unauthorized access by a third party to a computer system or network; or
  • personal injury arising from the use of electronic media, including but not limited to, publication via an Internet web site or social media

arising from Professional Legal Services performed by you.

 

Predecessor Coverage

The Firemark™ covers lawyers or law firms identified in the application as a predecessor practice and to whose financial assets and liabilities the Named Insured is the majority successor in interest (50% or more of the former firm’s assets and liabilities

 

This information is intended to provide a general overview of the coverage described. Only the insurance policy and any coverage quotation offered can give actual terms, coverage, conditions and exclusions